One of the most controversial questions in the industry of credit in the United Kingdom is who is responsible for your payday loan debt. For nearly ten years, the public has wrestled with the payday lenders. The payday lenders have wrestled with the Ombudsman and the Financial Credit Authority (FCA). The FCA and the ombudsman […]
Monthly Archives: March 2015
More things you should know about payday loans
One of the biggest misconceptions about payday loans is that it is a good place to go because you can be sure they will grant you the credit you need. What most people don’t do is stop to think about who payday loans are designed for and what purpose they serve in the world of […]
Financial advice from the Church -The Church of England to begin giving financial advice in church
The Archbishop of Canterbury has announced that he will be backing the CCCN (Church Credit Champions Network) in an attempt to give payday lenders a run for their money. It is now the second time that the church has come forward in support of the unions and with the intention of putting payday lenders out […]
5 things you should know about Payday Loans
If you are really in a bind, super strapped for cash, and you can’t pay your bills, you may think turning to payday loans is a good idea. You have heard many terrible tales about people who have had their lives ruined by payday loans, and so you may be a little hesitant. You should […]
These are things you never say about payday. Your paycheck is probably the most important event of the month.
You never hear this one: Really? Is it payday already? I had completely forgotten what day of the month it is. Not only do all of us know exactly when our paycheck will be arriving, but we usually have a list of bills, needs, and wants that have already consumed the entire amount. Usually, our […]
2015 sees the Competition and Markets Authority (CMA) take measures to increase price competition and lower payday loan costs.
According to research people rarely shop around for the best deals when it comes to payday loans, or emergency loans, therefore the Competition and Markets Authority (CMA) has taken drastic measures. The CMA has ordered all payday lenders to publish information on their products and services in an attempt to lower payday loan costs. The […]
Payday services will face concrete competition this year
This year payday lenders are facing the new challenge of having to look their adversaries in the eye. Payday services will face concrete competition in 2015. The Competition and Markets Authority (CMA) has said that payday lenders must display information on all of their products and services on at least one price comparison website in […]
Is saving money difficult for you? Try saving the easy way
One way to control yourself when it comes to saving money is to automate your savings. In the age of the internet where we can log into our bank accounts with our fingertips, it is really easy to set up a standing order. Set up a transfer of a small, almost unnoticeable, amount to be […]